UBS Group AG Sells 71,359 Shares of Carlisle Companies Incorporated $CSL

Key Points

• UBS Group AG cut its position in Carlisle by 25.7%, selling 71,359 shares in Q4 and now holds 205,863 shares (about 0.49% of the company) worth roughly $65.85 million.
• Carlisle beat EPS estimates ($3.63 vs. $3.31) but missed revenue expectations ($1.05B vs. $1.45B) with revenue down 4% YoY, and the company declared a quarterly dividend of $1.10 per share (annualized $4.40, 1.3% yield).
• Insiders have been net sellers — including the CEO's sale of 36,260 shares and total insider sales of 68,289 shares over the past 90 days — while analysts maintain a consensus "Hold" rating with an average price target of $405.

UBS Group AG decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 25.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 205,863 shares of the conglomerate's stock after selling 71,359 shares during the period. UBS Group AG owned about 0.49% of Carlisle Companies worth $65,847,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund raised its stake in shares of Carlisle Companies by 0.6% in the third quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate's stock valued at $1,849,000 after acquiring an additional 33 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Carlisle Companies by 43.0% in the third quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate's stock valued at $37,000 after acquiring an additional 34 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Carlisle Companies by 1.0% in the third quarter. Mackenzie Financial Corp now owns 3,525 shares of the conglomerate's stock valued at $1,160,000 after acquiring an additional 34 shares during the last quarter. Nicolet Advisory Services LLC raised its stake in shares of Carlisle Companies by 3.5% in the third quarter. Nicolet Advisory Services LLC now owns 1,037 shares of the conglomerate's stock valued at $337,000 after acquiring an additional 35 shares during the last quarter. Finally, Next Level Private LLC raised its stake in shares of Carlisle Companies by 0.3% in the third quarter. Next Level Private LLC now owns 13,000 shares of the conglomerate's stock valued at $4,269,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

CSL stock opened at $346.48 on Tuesday. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The company has a 50 day moving average price of $355.16 and a 200 day moving average price of $345.81. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The stock has a market capitalization of $14.02 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.13 and a beta of 0.88.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.32. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. Carlisle Companies's revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.61 EPS. Analysts forecast that Carlisle Companies Incorporated will post 21.13 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a dividend of $1.10 per share. The ex-dividend date is Monday, May 18th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies's payout ratio is presently 25.87%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Carlisle Companies in a research note on Friday, March 27th. Truist Financial lifted their price target on Carlisle Companies from $340.00 to $360.00 and gave the company a "hold" rating in a report on Friday, April 24th. JPMorgan Chase & Co. lifted their price target on Carlisle Companies from $400.00 to $420.00 and gave the company an "overweight" rating in a report on Monday, March 9th. Zacks Research raised Carlisle Companies from a "strong sell" rating to a "hold" rating in a report on Monday, March 16th. Finally, William Blair reaffirmed a "market perform" rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $405.00.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, insider Stephen Schwar sold 6,049 shares of the company's stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the completion of the sale, the insider owned 8,540 shares in the company, valued at approximately $3,564,254.40. The trade was a 41.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO D Christian Koch sold 36,260 shares of the company's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the sale, the chief executive officer owned 113,238 shares of the company's stock, valued at $46,810,324.44. The trade was a 24.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 68,289 shares of company stock worth $28,125,467. 1.30% of the stock is currently owned by insiders.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company's operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.

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